REGISTERED NUMBER: 07967094 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Kingsway Hotel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D G Christian

R Pipe

Mrs J A Christian

N K Kilmartin

REGISTERED OFFICE:

Kingsway Hotel

Kingsway

Cleethorpes

N E Lincolnshire

DN35 0AE

REGISTERED NUMBER:

07967094 (England and Wales)

FIXED ASSETS

Intangible assets

4

25,834

30,834

Tangible assets

5

4,219,903

4,234,595

4,245,737

4,265,429

CURRENT ASSETS

Stocks

31,279

25,469

Debtors

6

5,045

6,849

Cash at bank and in hand

114,282

13,414

150,606

45,732

CREDITORS

Amounts falling due within one year

7

735,604

785,471

NET CURRENT LIABILITIES

(584,998

)

(739,739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,660,739

3,525,690

CREDITORS

Amounts falling due after more than one year

8

4,000,000

4,000,000

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(339,461

)

(474,510

)

SHAREHOLDERS' FUNDS

(339,261

)

(474,310

)

3,660,739

3,525,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

D G Christian - Director

1.	STATUTORY INFORMATION

Kingsway Hotel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Nil

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2024 - 44 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

50,000

AMORTISATION

At 1 July 2024

19,166

Charge for year

5,000

At 30 June 2025

24,166

NET BOOK VALUE

At 30 June 2025

25,834

At 30 June 2024

30,834

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

3,185,088

634,705

837,516

38,520

4,695,829

Additions

81,705

4,568

32,449

100

118,822

At 30 June 2025

3,266,793

639,273

869,965

38,620

4,814,651

DEPRECIATION

At 1 July 2024

-

246,147

188,331

26,756

461,234

Charge for year

-

58,808

66,995

7,711

133,514

At 30 June 2025

-

304,955

255,326

34,467

594,748

NET BOOK VALUE

At 30 June 2025

3,266,793

334,318

614,639

4,153

4,219,903

At 30 June 2024

3,185,088

388,558

649,185

11,764

4,234,595

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

2,872

2,183

Other debtors

2,173

4,666

5,045

6,849

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

72,726

99,064

Taxation and social security

100,328

52,404

Other creditors

562,550

634,003

735,604

785,471

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Other creditors

4,000,000

4,000,000